Commercial Banking

Washington Trust Provides Financing to Equity Industrial Partners

October 19, 2021

North Kingstown, R.I. - Washington Trust’s Commercial Real Estate Group recently financed Equity Industrial Partners’ acquisition of a 125,000 square foot industrial property located at 600 Callahan Road in Quonset Business Park in North Kingstown, Rhode Island.

Equity Industrial Partners (EIP) is a privately held developer and operator of industrial warehouse, distribution, and office facilities throughout the US. Since the firm’s inception in 1995, EIP has acquired and developed over 100 million square of commercial and industrial properties. As a fully integrated real estate company, EIP also manages over 26.5 million square feet of property, providing a full range of leasing, property, facilities and construction management services for its portfolio.

“Quonset Business Park is considered a premier business park in New England and one the largest in the northeast,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “We are pleased to have provided financing on the property, which is leased on a long-term basis to Rhody Transportation, who has occupied the subject location since 2001.”

Washington Trust's Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Bethany Lyons, Vice President, Commercial Real Estate Group, at 401-348-1538.


Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH).

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